United Commercial Bank PLC announcements
541 Dhaka Stock Exchange announcements for United Commercial Bank PLC (UCB) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (29).
- Refer to their earlier news disseminated by DSE on 22.02.2022 regarding issuance of UCB 2nd Perpetual Bond, the company
Refer to their earlier news disseminated by DSE on 22.02.2022 regarding issuance of UCB 2nd Perpetual Bond, the company has further informed that BSEC has accorded its consent for issuance of Unsecured, Contingent-Convertible, fully paid-up non-cumulative BASEL-III compliant 2nd Perpetual Bond of BDT 300 Crore through Private Placement of BDT 270 crore and Public Issue of BDT 30 crore. The purpose of the issue is to strengthen the capital base of the Bank.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.53 for July-September 2023 as against Tk. 0.48 (restated) for July-September
(Q3 Un-audited): Consolidated EPS was Tk. 0.53 for July-September 2023 as against Tk. 0.48 (restated) for July-September 2022; Consolidated EPS was Tk. 1.20 for January-September 2023 as against Tk. 1.32 (restated) for January-September 2022. Consolidated NOCFPS was Tk. 34.72 for January-September 2023 as against Tk. (18.42) (restated) for January-September 2022. Consolidated NAV per share was Tk. 28.71 as on September 30, 2023 and Tk. 27.46 (restated) as on September 30, 2022. (cont.)
- Q3 Financials
(Continuation news of UCB): The company has also informed that higher growth in deposit and lower growth in loans and advances mainly resulted the increase in the Net Operating Cash Flow during the period ended 30 September 2023 over the period ended 30 September 2022. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 23, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Confirmation of share transfer by a Sponsor
Hajee Abul Kalam, one of the Sponsors of the company, has further informed that he has completed his transfer of 1,15,00,000 shares of the company to his son Mohammed Nasim Kalam, General Shareholder of the Company, by way of gift outside the trading system of the Exchange as per declaration disseminated on 04.09.2023.
- Declaration of share transfer by a Sponsor
Hajee Abul Kalam, one of the Sponsors of the company, has expressed his intention to transfer 1,15,00,000 shares out of his holding of 2,95,34,047 shares of the company to his son Mohammed Nasim Kalam (General Shareholder of the company), by way of gift outside the trading system of the Exchange within 30 working days with effect from August 29, 2023.
- Dividend Disbursement
The company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2022.
- (Q2 Un-audited): Reasons for deviation in EPS and NOCFPS: The company has informed that the increase of interest expense
(Q2 Un-audited): Reasons for deviation in EPS and NOCFPS: The company has informed that the increase of interest expenses on deposits and borrowings and the increase of operating expenses over the same period of last year results significant decrease of Bank\'s operating profit hence the net earnings also known as net income or net profit results the decrease of the EPS in Q2 2023 (cont.)
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.35 for April-June 2023 as against Tk. 0.62 (restated) for April-June 2022; Consolidated EPS was Tk. 0.68 for January-June 2023 as against Tk. 0.85 (restated) for January-June 2022. Consolidated NOCFPS was Tk. 28.95 for January-June 2023 as against Tk. (8.77) (restated) for January-June 2022. Consolidated NAV per share was Tk. 29.09 as on June 30, 2023 and Tk. 27.32 (restated) as on June 30, 2022.
- Q2 Financials (Additional Information)
(Continuation news of UCB): compared to the same period of the last year. The growth of the disbursement of loans and advances was less than that of the growth of the deposits in Q2 2023. This results the increase of the NOCFPS in Q2 2023 compared to the same period of the last year. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 24, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Name Change of the Company
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'United Commercial Bank PLC' instead of 'United Commercial Bank Limited' with effect from July 13, 2023. Other things (except name) will remain unchanged.
- Resumption after record date
Trading of the shares of the company will resume on 01.06.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 31.05.2023.
- Spot for entitlement of 5% Stock Dividend
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 29.05.2023 to 30.05.2023 and trading of the shares will be suspended on record date i.e., 31.05.2023.
- BSEC's consent regarding 5% Stock Dividend
Refer to their earlier news disseminated by DSE on 26.04.2023 regarding dividend declaration, the Company has further informed that BSEC has accorded its consent for their declaration of 5% Stock Dividend for the year ended December 31, 2022. The record date for entitlement of the aforesaid Bonus Shares is May 31, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 21.05.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.05.2023.
- Regarding record date for entitlement of Dividend
Refer to their earlier news disseminated by DSE on 26.04.2023 regarding dividend declaration, the company has further informed that they have not received consent yet from BSEC against their declaration of 5% Stock dividend for the year ended December 31, 2022. Therefore, the record date as on 18.05.2023 will only be applicable for entitlement of 5% Cash dividend.
- Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"AA\" in the long term and \"S
Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with a stable outlook based on the audited financial statements up to December 31, 2022 and other available information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.33 for January-March 2023 as against Tk. 0.24 (restated) for January-March 2022. Consolidated NOCFPS was Tk. 16.28 for January-March 2023 as against Tk. (6.17) (restated) for January-March 2022. Consolidated NAV per share was Tk. 28.91 as on March 31, 2023 and Tk. 26.82 (restated) as on March 31, 2022.
- Q1 Financials (Additional Information)
(Q1 Un-audited): The company has further informed that NOCFPS has been increased in Q1 of 2023 from Q1 of 2022 due to less disbursement of loans and advance and incremental deposits from customers & banks in the first quarter of 2023 compared to the same period of 2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 16.05.2023 to 17.05.2023 and trading of the shares will remain suspended on record date i.e., 18.05.2023.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on May 14, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The Board of Directors has recommended 5\% Cash and 5\% Stock Dividend for the year ended December 31, 2022. The Stock D
The Board of Directors has recommended 5\% Cash and 5\% Stock Dividend for the year ended December 31, 2022. The Stock Dividend is subject to the approval of Regulatory Authorities. Date of AGM: 26.06.2023, Time: 3:00 PM, Venue: Digital Platform. Record date: 18.05.2023. The Company has also reported consolidated EPS of Tk. 2.35, consolidated NAV per share of Tk. 28.57 and consolidated NOCFPS of Tk. (13.25) for the year ended December 31, 2022 as against Tk. 1.78, Tk. 26.59 and Tk. (16.85) (cont.1)
- (Continuation news of UCB): respectively for the year ended December 31, 2021. Disclosures regarding recommendation of S
(Continuation news of UCB): respectively for the year ended December 31, 2021. Disclosures regarding recommendation of Stock Dividend: i) Stock Dividend has been recommended to strengthen the capital base of the company to comply with the regulatory requirements and to support the business growth; ii) Stock Divined has been declared out of accumulated profit; (cont.2)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of UCB): iii) Stock Dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid-up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the Board of Directors will be held on April 25, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.